Adobe Inc [ADBE] stock is trading at $503.57, up 1.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADBE shares have lost -0.05% over the last week, with a monthly amount drifted -13.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Adobe Inc [NASDAQ: ADBE] stock has seen the most recent analyst activity on September 04, 2024, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $625 from $580. Previously, JP Morgan upgraded its rating to Overweight on June 14, 2024, and elevated its price target to $580. On June 10, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $510 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Underweight rating and suggested a price target of $445 on March 21, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $499 remained the price target by the analyst firm on January 18, 2024. Barclays upgraded its rating to Overweight for this stock on December 18, 2023. In a note dated December 08, 2023, BMO Capital Markets reiterated an Outperform rating on this stock and boosted its target price from $670 to $690.
Adobe Inc [ADBE] stock has fluctuated between $433.97 and $638.25 over the past year. Currently, Wall Street analysts expect the stock to reach $592.03 within the next 12 months. Adobe Inc [NASDAQ: ADBE] shares were valued at $503.57 at the most recent close of the market. An investor can expect a potential return of 17.57% based on the average ADBE price forecast.
Analyzing the ADBE fundamentals
Adobe Inc [NASDAQ:ADBE] reported sales of 20.94B for the trailing twelve months, which represents a growth of 10.71%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.35 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 493.13 points at the first support level, and at 482.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 510.23, and for the 2nd resistance point, it is at 516.89.
Ratios To Look Out For
For context, Adobe Inc’s Current Ratio is 1.11. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 10.59, the price to book ratio is 15.41 and price to earnings (TTM) ratio is 42.53.
Transactions by insiders
Recent insider trading involved NARAYEN SHANTANU, Chair and CEO, that happened on Sep 25 ’24 when 25000.0 shares were sold. Officer, Narayen Family Trust completed a deal on Sep 25 ’24 to buy 25000.0 shares. Meanwhile, Officer Rao Dana bought 3220.0 shares on Sep 19 ’24.
